This could work.TORONTO, Nov 18 (Reuters) - Thompson Creek Metals (TCM.TO) is seeking development projects in the hopes of expanding molybdenum output as demand rises for the metal, its chief executive said on Wednesday.
In a presentation at a mining conference in New York, CEO Kevin Loughrey said the company, was eyeing molybdenum, or moly, projects that were close to producing. It would also look at deposits with other metals in combination with molybdenum, used for making steel.
"We are clearly in an acquisition mode. We're out there looking at properties," he said, "The logical space to expand outside of moly, if we were to do that, would be in copper-moly."
Loughrey said the company was looking primarily in North America but would also consider assets in South America.
"We're not limiting ourselves," he said.